According to a press release from the city of Tucson, since the loan program unfolded in April, over $300,000 has been awarded to small businesses in Tucson.

“We want to make sure our historically under-served businesses are benefiting from the financial assistance programs that are so urgently needed right now,”Mayor Romero said in a statement.

Eligibility requirements for the Tucson Resiliency Loan Funds:

Business must be located within the Tucson city limits

Have a valid City of Tucson business license

Or be registered with the Arizona Corporation Commission

Direct loans at 0 percent interest will be available to small businesses, sole proprietors, 1099 contractors and 501(C)(3) nonprofit organizations that meet the eligibility criteria which includes having a bank or credit union account, or willingness to establish one, and having no more than fifty full time equivalent employees. A franchise is eligible if it is locally owned and listed on the SBA franchise registry.

City of Tucson

Call the city of Tucson Small Business hotline at 520-837-4100 for more information or visit here.

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